StockMarketWire.com - Drinks maker Britvic reported a fall in profit amid challenging backdrop in both its Irish and French markets.

For the 52 weeks ended 29 September 2019, pre-tax profit slipped to £110.3m from £145.8m on-year, even as revenue grew 2.8% to £1.5bn.

In France, revenue declined 9.2%, driven by an 8.7% fall in volume, while in Ireland revenue declined 1.6%, excluding the sugar sweetened drinks tax, with volume down 4.2%.

Softer demand in its GB soft drinks market also kept growth in check, the drinks maker said.

GB carbonates revenue increased by 5.2%, excluding the soft drinks industry levy (SDIL), but GB stills saw revenue increase just 0.4%.

The company proposed to raise the final dividend by 6.9% to 21.7p a share, taking the full-year dividend to30p, representing a year-on-year increase of 6.4%.



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